With a unified CPM platform consolidation and planning are based on the same technology foundation. This means there is more scope for the implementation staff or consultants to get a head-start when designing a planning project because they can use the experience gained during the “Phase I” Actual reporting. Not sure? Read my last blog about it.
With that out of the way, this is where you start:
|You don’t want to do this||You really want to do this|
- Cash in local ccy
- Cash in foreign ccy
- Cash in transit
- Cash derivatives
- Total Cash (Forecast Input)
Total Cash Total Cash
In a later part in this blog series, we re-visit the problem of how Extensible Dimensionality® needs to be able to change over time, because forecasting and budgeting models continually evolve.
These actions should get you a design that works. Next blog will be about Specialty Solutions, myths, wizards and of course: financial planning.
Are you keen to learn more about OneStream XF implementations? Learn more in our free whitepaper 'Equity Pickup and a view on automation'
Chris Loran works in the EPM field for over 13 years. From working with Hyperion at Hyperion Solutions, Oracle, Partake and EY to working with OneStream and Oracle HFM at Agium EPM. He is currently working for OneStream Software.
Within his Lead Consultant function at Agium EPM he worked on the OneStream implementation at Guardian Industries. They have one of the most extensively used OneStream platforms in which they consolidate, budget and perform advanced driver-based planning.